Question
Please think back to a contract you recently formed. Please identify the offer, the acceptance, and the consideration for each party. Be original for additional
Please think back to a contract you recently formed. Please identify the offer, the acceptance, and the consideration for each party. Be original for additional points. When responding to others, label their contract as either unilateral or bilateral. If someone has already done that, then indicate whether it is an express, implied in fact, or implied in law contract. Further comments could indicate terms that may be unclear, whether the parole evidence rule applies or anything else that you notice that might help identify or fix issues that could arise with the contract in the future.
I will start: I purchased a hotel room in order to attend a conference.
Offer: My call to the hotel asking for the reservation is the offer.
Acceptance: The hotel's confirmation email to me is the acceptance.
Consideration: I get the benefit of having room to use during the conference and the hotel gets my payment as the benefit of the bargain.
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